Insurance Information Bureau of India (IIBI) recruits Actuarial Apprentice – August 18, 2014

Insurance Information Bureau of India (IIBI)  invites application for the recruitment of Actuarial Apprentice with CA holders

Company name : Insurance Information Bureau of India (IIBI
Posts : Actuarial Apprentice
Qualification : CA
Salary : Rs.10,000-15,000/- p.m
No of Openings : 02
Location : Hyderabad
Last date to apply :  05 Sep 2014

Details of Post :

Actuarial Apprentice

Insurance Information Bureau of India (IIB) was established by the Insurance Regulatory & Development Authority of India (IRDA) as a single platform to meet the data needs of the Insurance industry, in 2009.

IIB fills the need for a sector-level data repository and analytics which would empower stakeholders through provision of accurate, timely, reliable insurance data and analysis. The Bureau is also mandated with the responsibility of throwing insights in issues of strategic importance by generating reports through deployment of advanced analytics.

IIB will provide information support on a complete, consistent, and concise manner, to all stakeholders associated either directly or indirectly with the Insurance sector, including insurers, regulator and government agencies.

  1. Title of Position: Actuarial Apprentice
  2. Eligibility Criteria: i. Should have passed CT5 and CT6 papers of examination of Institute of Actuaries of India or have appeared and awaiting result. ii. Should be proficient in Computer knowledge and MS applications like excel, word etc. iii. High percentage of Marks obtained in the Mathematics subject (more than 70%) in intermediate and graduation.
  3. Duration of apprenticeship: On Contract period up to a maximum of 3 years Monthly Stipend (on a consolidated basis): 1st year Rs.10,000/-, 2nd year Rs. 12,000/-, 3rd Year Rs. 15,000/- No further allowance or accommodation etc will be provided. The increase in stipend for second and third year will be subject to passing of at least one paper during the previous year. If the candidate is unable to pass minimum of one paper in 1st and 2nd year, the increment in stipend for 2nd and 3rd year will be considered only after completion of 1 paper and 2 papers after 1st and 2nd year respectively.
  4. Total No. of Vacancies: Two
  5. Job Location: Hyderabad

Kindly Note:

Shortlisted candidates for the final round of interview at IIB, Hyderabad will be reimbursed for ” to & fro” travel (2nd class railway) expenses. Lodging and boarding expenses for the stay will be on own arrangement of the candidate.

The selected candidates should be ready to relocate to Hyderabad. Interested candidates can mail their resume at or and can also contact us at 040 23009225. Kindly Note that the last date for receipt of applications at IIB is 5th September’2014

Important dates to remember :

Last date to apply :  05 Sep 2014

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